Mastercard Incorporated (NYSE:MA) is Healthcare of Ontario Pension Plan Trust Fund’s 9th Largest Position

Healthcare of Ontario Pension Plan Trust Fund reduced its position in Mastercard Incorporated (NYSE:MA) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,442,800 shares of the credit services provider’s stock after selling 320,000 shares during the quarter. Mastercard comprises approximately 1.7% of Healthcare of Ontario Pension Plan Trust Fund’s investment portfolio, making the stock its 9th biggest holding. Healthcare of Ontario Pension Plan Trust Fund owned about 0.16% of Mastercard worth $712,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter valued at about $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard during the second quarter worth about $35,000. First Personal Financial Services purchased a new stake in Mastercard in the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.4 %

MA stock opened at $528.48 on Wednesday. The firm has a market cap of $485.05 billion, a PE ratio of 39.98, a PEG ratio of 2.34 and a beta of 1.10. Mastercard Incorporated has a one year low of $404.32 and a one year high of $534.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day moving average price is $508.03 and its 200-day moving average price is $474.83.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.39 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of several research reports. UBS Group lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley upped their price target on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. KeyCorp boosted their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.